Common use of Selection of Bonds to be Redeemed Clause in Contracts

Selection of Bonds to be Redeemed. Except as may be otherwise provided in this Indenture, in the event of redemption of less than all of the Outstanding Bonds of a like maturity, the Trustee shall assign to each such Outstanding registered Bond of the maturity to be redeemed a distinctive number for each $5,000 of the Principal Amount of such Bond and shall select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers assigned to such Bonds as many numbers as, at $5,000 for each number, shall equal the Principal Amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the Principal Amount of each such registered Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. For purposes of this Section, Bonds which have theretofore been selected by lot for redemption shall not be deemed Outstanding.

Selection of Bonds to be Redeemed. Except as may be otherwise provided in this Indenture, in In the event of redemption of less than all of the Outstanding Bonds of a like series and maturity, the Trustee shall assign to each such Outstanding registered Bond of the maturity to be redeemed a distinctive number for each $5,000 of the Principal Amount of such Bond 25,000 in principal amount thereof, and shall select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers assigned to such Bonds as many numbers as, at $5,000 25,000 for each number, shall equal the Principal Amount principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were are assigned numbers so selected; provided, however, that but only so much of the Principal Amount principal amount of each such registered Bond of a denomination of more than $5,000 25,000 shall be redeemed as shall equal $5,000 25,000 for each number assigned to it and so selected. For purposes of this Section, Bonds which have theretofore been selected by lot for redemption shall not be deemed Outstanding. Notwithstanding the foregoing, redemption of the Initial Bonds shall be effected in accordance with Section 2.4(I) hereof. Notwithstanding the foregoing, redemption of the Initial Bonds shall be effected on accordingly with Section 2.4(I) hereof.